Category: IDBI Bank

ANI |
Updated: Nov 21, 2023 17:26 IST

PNNBangalore (Karnataka) [India], November 21: Translab, a leading innovator in digital transformation for financial services, healthcare, and utilities, has added Ajit Ranade as Executive Domain Advisor for Banking, Financial Services, and Insurance (BFSI) and Naresh Kurup as Chief Marketing Officer to its leadership team. The new leaders bring a wealth of experience and expertise from diverse backgrounds, enriching Translab’s dynamic team.Ranade has an extensive career in banking, holding leadership positions at prominent banks as…
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Source: https://www.aninews.in/news/business/business/ajit-ranade-former-agm-idbi-and-naresh-kurup-former-chief-brand-officer-clari5-customerxps-join-translabs-leadership-team20231121172621/

New Delhi: In a relief to Reliance Infrastructure, National Company Law Tribunal (NCLT) has disposed of insolvency case filed by SBI and IDBI Bank against Mumbai Metro One Pvt Ltd (MMOPL).Mumbai Metro One Pvt Ltd (MMOPL) is a 74:26 joint venture of Reliance Infrastructure Ltd and Mumbai Metropolitan Regional Development Authority (MMRDA). “We wish to inform you that the Section 7 petitions of SBI and IDBI Bank are disposed of by NCLT Mumbai in view of OTS (one-time debt settlement) issued by all lenders, against Mumbai Metro One Pvt Ltd (MMOPL),” Reliance Infrastructure Ltd said in a regulatory filing on Monday. An application under Section 7 of Insolvency and Bankruptcy Code (IBC) is…
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Source: https://www.bizzbuzz.news/amp/national/nclt-disposes-bankruptcy-plea-filed-by-sbi-idbi-1307464

IDBI Bank Ltd reported its fourth straight quarterly loss on Tuesday as the state-run lender continued to struggle with bad loans.Net loss came in at 1.98 billion rupees ($30.59 million) in the three months ended Sept. 30, compared with a profit of 555.2 million rupees a year earlier, the Mumbai-based bank said. Gross bad loans as a percentage of total loans was 24.98 percent at end-September, compared with 24.11 percent a quarter earlier, and 13.05 percent a year earlier.IDBI shares were trading 4.3 percent lower in the Mumbai market that was down 0.29 percent.
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Source: https://www.newindianexpress.com/amp/story/business/2017/Oct/31/idbi-bank-posts-fourth-straight-quarterly-loss-1687965.html

IDBI Bank announced that India Ratings & Research has assigned IDBI Bank’s Certificates of Deposits ‘IND A1+’ rating and affirmed existing ratings for other debt instruments as under:

Basel III compliant bonds ( Rs 2000 crore) – IND AA-; Stable (affirmed) Omni infrastructure bonds (Rs 8000 crore) – IND AA-; Stable (affirmed) Basel III compliant tier II bonds (Rs 3000 crore) – IND AA-; Stable (affirmed) Fixed deposits – IND AA-; Stable (affirmed) Senior debt (Rs 3631 crore) – IND AA-; Stable (affirmed) Certificate of deposits (Rs 16000 crore) – IND A1+ (affirmed) Certificate of deposits (Rs 19000 crore) – IND A1+ (assigned) Powered by Capital Market – Live News Click here to follow our…
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Source: https://www.business-standard.com/amp/markets/capital-market-news/idbi-bank-receives-ratings-action-from-india-ratings-research-124031600238_1.html

The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of Investment and Public Asset Management (DIPAM) said the stake sale is in the post-EoI stage.”The transaction continues to be on track as per the defined process in post-EoI stage following receipts of multiple EoIs,” DIPAM Secretary Tuhin Kanta Pandey tweeted. The government and the LIC are together selling about 61 per cent stake in IDBI Bank and had in January received multiple Expressions of Interest (EoIs) for the same. DIPAM, which manages government…
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Source: https://business.outlookindia.com/amp/story/news/idbi-bank-privatisation-on-track-dipam-news-270814

Supreme Industries | Image:Supreme IndustriesIDBI Capital on Supreme Industries: Supreme Industries showcased a strong performance in fourth quarter of fiscal year 2024, surpassing estimated figures on crucial parameters, primarily propelled by heightened sales volume. The management’s strategic focus on capacity expansion and tapping into rising demand dynamics bodes well for the company’s trajectory, brokerage firm IDBI Capital said in a note.During the fourth quarter, Supreme Industries reported net sales of Rs 3,000 crore, marking an increase of 15.8 per cent year-over-year (YoY). Additionally, the company’s EBITDA stood at Rs 490 crore, registering an uptick of 2.2 per cent compared…
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Source: https://www.republicworld.com/business/markets/idbi-capital-reiterates-buy-on-supreme-industries-for-target-price-of-rs-4786/?amp=1